[Reuters] Spotify makes a loss despite strong customer demand

Posted by: UGN Security

[Reuters] Spotify makes a loss despite strong customer demand - 10/11/11 05:36 AM

LONDON (Reuters) - The popular digital music service Spotify made an operating loss of 26.5 million pounds ($41.5 million) in 2010, despite growing revenue more than five-fold due to increased advertising and attracting more subscribers in Europe.